Big news in the world of cryptocurrency! Bybit, a place where people buy and sell digital money, was robbed of $1.4 billion! This is one of the biggest thefts ever in crypto history. But Bybit is fighting back!
- Hackers stole lots of Ethereum (ETH), a type of cryptocurrency, by tricking Bybit.
- Bybit quickly got back most of the missing money using loans and buying more ETH.
- The hackers were likely part of a group from North Korea known for stealing crypto.
- Bybit is working with other companies and the police to catch the thieves and freeze their money.
- There was a lot of talk about reversing some Ethereum transactions to get the money back, but that's hard to do.
| What happened | Number |
|---|---|
| Money stolen | $1.4 billion |
| ETH recovered | Over 446,870 ETH ($1.23 billion) |
| Money frozen by authorities | $42.89 million |
